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olga_2 [115]
3 years ago
7

On August 1, Batson Company issued a 60-day note with a face amount of $58,800 to Jergens Company for merchandise inventory. (As

sume a 360-day year is used for interest calculations.)
a) Determine the proceeds of the note assuming the note carries an interest rate of 10%.
b) Determine the proceeds of the note assuming the note is discounted at 10%.
Business
1 answer:
Trava [24]3 years ago
5 0

Answer:

a. $58,800

b. $57,820

Explanation:

Generally, notes are issued on the discounted or face value. It is face value when the price of the note is the same as the face value while it is discounted when the price of the note is lower than the face or par value.

a. Since the note is issued on the face value of $58,800 , it means that the proceed is the same amount. The proceeds from a note that is issued, is that price at which the note is issued.

b. Discount value

= $58,800 × 10% × 60/360

= $980

Proceeds

= Face/par value of the note - Discount value of the note

= $58,800 - $980

= $57,820

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n200080 [17]

Answer:

<u>Processing payroll</u>

Explanation:

Most business processes are cross-functional or cross-departmental processes that span the entire organization. It include order-to-delivery <em>process , loan processing , taking a product from concept to marke</em>t, but it <em>does not</em> include Processing Payroll.

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Match each of the global business practices with an example of its use.
ArbitrLikvidat [17]

a . Offshoring : A U.S. car company begins making some of its car parts in Bangladesh

Offshoring occurs when a company takes some of its processes to services to another country or countries in order to take advantage of the lower cost conditions prevailing there.

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Data Recovery Systems (DRS) has a degree of operating leverage (DOL) equal to 3.2x and a degree of total leverage (DTL) equal to
Anna71 [15]

Answer:

The DRS's EBIT will be $205,920.

Explanation:

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4 0
3 years ago
Williamson Industries has $7 billion in sales and $2 billion in fixed assets. Currently, the company's fixed assets are operatin
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Answer: Williamson industries would have obtained $7.78 billion in sales

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